Goldman: Our Screwy Rebound Will Send Oil To $95http://www.businessinsider.com/goldman-this-screwy-rebound-is-awesome-for-oil-2010-2/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Thu, 22 Feb 2018 02:19:18 -0500Vincent Fernandohttp://www.businessinsider.com/c/4b84a3130000000000a8dd5aCVCTue, 23 Feb 2010 22:54:59 -0500http://www.businessinsider.com/c/4b84a3130000000000a8dd5a
This article makes one incorrect statement:
"If the water level were to fall another 82 feet before the dry season ends, power generation at the plant would come to a standstill."
Actually, the water level is only about 47 feet from the 'dead pool' level now, and is falling at 12-14 cm per day. Based on a continuation of the drought through the dry season, it is possible that the dam will become useless on about June 1. To the extent Chavez can save the situation (which he will) he must activate a significant amount of fossil-fuel power generation, and promote further power cutbacks. Nevertheless, it will not leave the dam in an enviable position, as a normal rainy season will not come close to refilling the dam before the levels will begin falling again in Aug-Sep.